Bombardier, Inc. Class B (TSE:BBD.B) PT Raised to C$90.00 at Scotiabank

Bombardier, Inc. Class B (TSE:BBD.B) had its price objective hoisted by Scotiabank from C$83.00 to C$90.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 26.39% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Desjardins boosted their target price on Bombardier, Inc. Class B from C$101.00 to C$102.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada boosted their price objective on shares of Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group raised their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. CIBC raised shares of Bombardier, Inc. Class B from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$67.00 to C$91.00 in a research note on Thursday. Finally, TD Securities increased their price objective on shares of Bombardier, Inc. Class B from C$104.00 to C$105.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$87.56.

Bombardier, Inc. Class B Price Performance

Shares of TSE BBD.B opened at C$71.21 on Thursday. The stock has a market capitalization of C$6.07 billion, a P/E ratio of 10.92, a PEG ratio of -0.13 and a beta of 2.96. Bombardier, Inc. Class B has a 1-year low of C$39.87 and a 1-year high of C$71.49. The business’s 50 day moving average is C$56.52 and its two-hundred day moving average is C$52.21.

Insider Buying and Selling

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. 1.66% of the stock is currently owned by insiders.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.